, Columnist
How Should a Bank Be?
"Aperio" would be a good Harry Potter spell-word for Steve Cohen to wander around his office shouting.
Advice for banks.
Dan Davies has some advice for Tidjane Thiam, the incoming chief executive officer of Credit Suisse, of which perhaps the main theme is "Remind CS who they are." Meaning: Focus on businesses and geographies where Credit Suisse has an advantage, and don't try too hard to compete in, say, Asia, or in "high-volume macro trading." But also meaning: Don't fall for the idea that Credit Suisse can just give up on investment banking without consequences.